More than a year after its total privacy meltdown, Ashley Madison will settle up.
After news emerged that the company was subject to an investigation by the Federal Trade Commission, the company now faces a .5 million settlement as a result of the multi-state investigation.
Now, the joint Australian-Canadian investigation into the hack has found ALM "fell well short" of its responsibility to customers.
The report found that ALM "did not have appropriate safeguards in place considering the sensitivity of the personal information" it held.
"Today's settlement closes an important chapter on the company's past and reinforces our commitment to operating with integrity and to building a new future for our members, our team and our company," Rob Segal, Ruby's newly-appointed CEO, wrote in a blog post. has agreed to 20 years' worth of the FTC overseeing its network security to ensure that user data is being protected.The Privacy Commissioners also slammed ALM for its practice of retaining customer information, even after users had deleted or deactivated their accounts, some having paid for the privilege of doing so."Though ALM had some security safeguards in place, those safeguards appeared to have been adopted without due consideration of the risks faced," the report found."The company is truly sorry for how people's lives and relationships may have been affected by the criminal theft of personal information.That's why we're charting a new course and making some big changes," Segal said.